Chinese banks are expected to have issued around $497.61 billion in net new yuan loans in March, up from the 900 billion yuan in February, according to a Reuters poll. This increase is attributed to improved credit demand and a seasonal rebound. The survey also revealed that loan expectations are still lower than 3.64 trillion yuan issued in March 2025. The Chinese central bank has pledged to increase financial support for domestic demand, innovation and small businesses, but has not indicated a imminent rate cut.